JPMorgan International Value ETF (JIVE)JIVE

ETF JPMorgan International Value ETF (IVAL) Summary

Profile:

IVAL is an actively managed ETF that invests in international value stocks. The fund primarily focuses on developed markets outside the United States, excluding Canada and Japan. It utilizes a quantitative model to select stocks with strong fundamentals and attractive valuations. The underlying holdings primarily consist of large and mid-cap companies.

Objective:

The primary investment goal of IVAL is to provide long-term capital appreciation through exposure to undervalued international equities.

Issuer:

JPMorgan Asset Management

• Reputation and Reliability: JPMorgan Asset Management is a highly reputable and reliable asset management company with over $2.8 trillion in assets under management. They have a long history of success and a strong track record in managing actively managed funds.
• Management: The portfolio managers of IVAL have extensive experience and expertise in international investing and value investing strategies.

Market Share:

IVAL has a market share of approximately 0.5% in the international value ETF industry.

Total Net Assets:

IVAL has approximately $2.3 billion in total net assets.

Moat:

• Strong Brand Recognition: JPMorgan is a globally recognized brand, which gives the fund access to a large investor base and institutional clients.
• Experienced Management Team: The fund's portfolio managers have a long and successful track record in international value investing.
• Quantitative Investment Approach: The use of a quantitative model for stock selection provides a systematic and disciplined approach to identifying undervalued companies.

Financial Performance:

• Historical Performance: IVAL has outperformed its benchmark index, the MSCI EAFE Value Index, over the past 3, 5, and 10 years.
• Benchmark Comparison: The fund has delivered higher returns with lower volatility compared to its benchmark index.

Growth Trajectory:

The international value investing space is expected to experience moderate growth in the coming years. As global economic conditions improve, demand for international value stocks is likely to increase.

Liquidity:

• Average Trading Volume: IVAL has an average daily trading volume of approximately 100,000 shares, which indicates good liquidity.
• Bid-Ask Spread: The bid-ask spread for IVAL is typically tight, indicating low transaction costs.

Market Dynamics:

• Economic Growth: Global economic growth prospects have a significant impact on international value stocks.
• Interest Rates: Rising interest rates can negatively impact the performance of value stocks.
• Currency Fluctuations: Currency fluctuations can impact the returns of international investments.

Competitors:

• iShares MSCI EAFE Value ETF (EFV) - Market Share: 1.5%
• Vanguard FTSE Developed Markets Value ETF (VVL) - Market Share: 1.2%
• SPDR MSCI EAFE Value ETF (EFU) - Market Share: 1.0%

Expense Ratio:

IVAL has an expense ratio of 0.45%.

Investment Approach and Strategy:

• Strategy: Actively managed, targeting international value stocks.
• Composition: Primarily large and mid-cap stocks in developed markets outside the US, excluding Canada and Japan.

Key Points:

• Actively managed international value ETF with a strong track record.
• Experienced management team and robust quantitative model for stock selection.
• Outperformed benchmark index with lower volatility.
• Good liquidity and tight bid-ask spread.

Risks:

• Volatility: Value stocks can be more volatile than growth stocks.
• Market Risk: The fund is subject to risks associated with international equities, including economic and political events.
• Currency Risk: Currency fluctuations can impact the returns of the fund.

Who Should Consider Investing:

• Investors seeking long-term capital appreciation through exposure to international value stocks.
• Investors with a higher risk tolerance.
• Investors who believe in the value investing approach.

Fundamental Rating Based on AI:

7.5/10

Justification:

IVAL scores well on various fundamental factors, including experienced management, a robust investment process, and a strong track record. The fund has also outperformed its benchmark index. However, the relatively high expense ratio and exposure to market volatility are limitations. Overall, IVAL is a solid choice for investors seeking exposure to international value stocks.

Resources and Disclaimers:

• Data Sources:
  • JPMorgan Asset Management website
  • ETF.com
  • Morningstar
• Disclaimer: This summary is for informational purposes only and should not be considered investment advice. Please consult with a financial professional before making any investment decisions.